1095-C Tax Forms
Every employee who was eligible for insurance coverage in 2017 will receive a 1095-C. Eligible employees who decline to participate in their employer’s health plan will still receive a 1095-C.
The Affordable Care Act requires applicable employers who offer minimum essential coverage to report health insurance information to the Internal Revenue Service (IRS) and provide you with a statement of that coverage. The 1095-C is a tax form that serves as a “proof of insurance statement” that shows the IRS that you have been offered health insurance by your employer.
The information on this statement is meant to support the health insurance information you provide while filing your taxes. This form should be kept with all your important tax papers to support your filing.
Review the FAQ for more information.
Dependent Child Tuition Assistance Benefit
Beginning in August, we will roll out a “dependent child tuition assistance benefit”, which means the West Virginia University Health System will reimburse certain, eligible employees for the university tuition of their children who attend West Virginia University to obtain a four-year, baccalaureate degree. This will apply to all eligible employees across the entire health system.
If you are a full-time employee of the West Virginia University Health System or its hospitals and have worked for the organization for five or more years, your child’s base, university tuition at WVU is covered. For those of you who are part-time or who have children attending a college or university other than WVU, we’ll help cover part of that tuition cost, as well.
In August, we are also going to introduce a new employee tuition reimbursement benefit.
2018 Retirement Plan Limits
The Internal Revenue Service recently announced the retirement plan contribution limits for 2018. The amount of salary that an eligible employee will be able to contribute will increase by $500, from $18,000 to $18,500. If an eligible employee will be at least 50 years old in 2018, they will be able to contribute an additional catch-up amount of $6,000, for a total of $24,500.
How to change retirement contributions
You have the ability to elect or change your retirement contributions anytime during the year. If you are eligible to participate in the retirement plan, you can update your contributions by selecting the Retirement Plan life event in Ultipro.
If you have questions or need assistance, please contact the HR Service Center at 1-833-599-2100 (available from 7:00 am to 4:30 pm, Monday through Friday).